murray energy, whose ceo was a prominent donor to mitt romney, says it has been forced to make the layoffs due to president obama's re-election and what is a poor outlook for the coal industry during his second term. more than 160 people are now without work. >>> one person who will be keeping his job, tim geithner. the white house says he will be staying on at least through early next year. he is expected to be a key role player in the negotiations over the fiscal cliff. >>> and the countdown to the fiscal cliff is certainly on. that is the $7 billion in automatic spending cuts and tax increases that could be triggered in january. >> christine romans will explain exactly what it means for you and the politicians we just elected. she joins us now with a preview. christine? >> reporter: hi, randi and victor. the fiscal cliff, jobs and obama care will help define the president's legacy. we know what the president wants but his political opponents still pushing back. let's start with the most immediate challenge, the fiscal cliff. unless the president and congress can come together, your taxe